Guideline Value for TRUST CROSS 10TH STREET

Trust Cross 10th Street guideline value

The current guideline value of Trust Cross 10th Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class II Type - III.

How the guideline value of Trust Cross 10th Street has changed

The guideline value for Trust Cross 10th Street has undergone several revisions over the years. In 2002, the value was Rs 872 per sq.ft, which increased to Rs 969 per sq.ft in 2003, marking an increase of 11%. The value then saw a significant rise to Rs 10,500 per sq.ft in 2012, an increase of 984%. However, it decreased to Rs 7,035 per sq.ft in 2017, reflecting a decline of 33%. The most recent revision in 2024 set the guideline value at Rs 11,500 per sq.ft, which is a substantial increase of 63% from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2007 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 1219%.

Guideline values in Mylapore

In Mylapore village, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Trust Cross 10th Street's 2024 figure above this median.

• Trust 2nd Main Road: Rs 11,500 per sq.ft (2024)
• Trust Cross 11th Street: Rs 11,500 per sq.ft (2024)
• Trust 1st Main Road: Rs 11,500 per sq.ft (2024)
• Trust Cross 12th Street: Rs 11,500 per sq.ft (2024)
• Trust Cross 13th Street: Rs 11,500 per sq.ft (2024)
• Trust Cross 14th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Trust Cross 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value amounts to Rs 1,15,00,000. The stamp duty at 7% would be Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, totaling Rs 10,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Trust Cross 10th Street?

The Sub Registrar Office that covers Trust Cross 10th Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mylapore

The guideline value plays a crucial role in the registration process when buying or selling property in Mylapore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, which can significantly impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Trust Cross 10th Street?

The current guideline value of Trust Cross 10th Street is Rs 11,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 872 per sq.ft in 2002 to Rs 11,500 per sq.ft in 2024, reflecting an overall increase of 1219% over this period.

What are the other streets in Mylapore with the same guideline value?

Other streets in Mylapore with the same guideline value of Rs 11,500 per sq.ft in 2024 include Trust 2nd Main Road, Trust Cross 11th Street, Trust 1st Main Road, Trust Cross 12th Street, Trust Cross 13th Street, and Trust Cross 14th Street.

What is the registration fee for property in Trust Cross 10th Street?

The registration fee for property in Trust Cross 10th Street is calculated based on the guideline value, which is Rs 11,500 per sq.ft, along with the applicable stamp duty.

Where can I find the Sub Registrar Office for Trust Cross 10th Street?

The Sub Registrar Office for Trust Cross 10th Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.